Wednesday, November 21, 2012

Expected DA upto 81% from January, 2013 on September, 2012 AICPI-IW index


Expectation of future Dearness Allowance from January, 2013 on the basis of 2 points jump in CPI-IW for the month of August, 2012 and 1 point jump in September, 2012 giving expectation for DA  80% or more from January 2013.

All India Consumer Price Index Number [http://labourbureau.nic.in/indtab.html] for Industrial Workers (CPI-IW) on base 2001=100 for September, 2012 showing increase in 1 point and stood at 215 (Two hundred and fifteen).

ADHOC PROMOTION OF OFFICIALS IN HSG I



Saturday, November 10, 2012

THINGS YOU SHOULD KNOW ABOUT HRA AND TAX BENEFITS


    House Rent Allowance (HRA), is an important component in our salary slips, with upto 30% of basic pay (+DP) in metros. HRA is the allowance given to meet the staff's expenses towards renting an accommodation. Though very simple in concept and calculation, the tax implications of the HRA, puzzles many a people. Here are 7 must knows, to help you utilise this component of your salary in a tax efficient manner.

1) Conditions you need to satisfy for a HRA exemption

Under Section 10 of the Income Tax Act, certain exemptions are permissible on the received HRA. To claim such exemptions one must satisfy the below conditions.

The employee must not own the property in which he is residing. 

Employees must be paying rent for the accommodation in which residing. 

Such rent must be more than 10 per cent of his/her salary (see section 5).  

if not, an exemption cannot be availed if there is no HRA component in the salary.

2) Calculating HRA for tax exemption

HRA tax exemption is based on the HRA received, basic pay, actual rent paid as well as if you stay in metro or non-metro. The amount exempted from the tax calculations is the least of the following.

CONTRIBUTORY NEGLIGENCE RECENT ORDERS



CENTRAL GOVERNMENT EMPLOYEES’ WELFARE COORDINATION COMMITTEES STAFF WELFARE


The Central Government being the largest single employer in the country, bears the major responsibility of looking after the welfare of a large number of employees spread all over the country. This Ministry recognizing that welfare of employees is one of the prime tasks of personnel management, provides and aids a large network of staff welfare programmes, thereby underlining the fact that improvement in the working and living conditions of the employees and their families, leads to efficiency and high morale amongst them.
A brief account of the various welfare programmes/organizations under this Ministry is given below:

CENTRAL GOVERNMENT EMPLOYEES’ WELFARE COORDINATION COMMITTEES :
Outside Delhi at a place where there are at least 5 Central Government Offices and the total number of Central Government employees is not less than 1,000, the Central Government; Employees Welfare Coordination Committee has been formed. These Committees are responsible for coordinating the welfare activities of the Central Government employees serving within their jurisdictions. At present, there are 41 such Coordination Committees located in different parts of the country. Senior most ficer in the station is the Chairman of the Committee.

RESIDENTS WELFARE ASSOCIATIONS:
In order to foster a spirit of mutual help and goodwill among the residents of government colonies and to promote amongst them social, cultural and recreational activities, Resident Welfare Associations have been recognizedin Delhi and in other parts of the country. At present, there are 66 such Associations. The members of Management Committee of these Associations are elected by holding elections every two years under the provisions of the Model Constitution framed by this Department. 

DBAnalyzer for Sanchay Post Dated 08-11-2012

DBAnalyzer for Sanchay Post
 


 
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Aadhaar based Direct Cash Transfers - Rollout to begin from 1 January 2013 in 51 districts, Half the country to be covered by 1.4.2013

            A meeting of the Executive Committee on Direct Cash Transfers was held today by the Principal Secretary to the Prime Minister along with the Cabinet Secretary. The  meeting was attended by the Secretaries and representatives of the Departments of  Financial Services, UIDAI (Aadhaar), IT, Planning Commission,  Expenditure, Posts, Rural Development, Social Justice & Empowerment, Tribal Affairs, Minority Affairs, Higher Education, School Education, Health & Family Welfare, Women & Child Development, Labour & Employment, Petroleum & Natural Gas, Fertilizers, and Food & Public Distribution.
            The Prime Minister had recently constituted a National Committee on Direct Cash Transfers under his chairmanship and an Executive Committee on Direct Cash Transfers to give a thrust to roll out a cash transfer programme across the country, leveraging the Aadhaar platform.